Business & Finance
Markets focus on upcoming tech earnings and Federal Reserve address at Jackson Hole
Investors await quarterly reports from major tech firms alongside economic data and a speech by Fed Chairman Kevin Warsh.
The short version
- Tech companies including Nvidia, Salesforce, and CrowdStrike are scheduled to release quarterly earnings this week.
- Federal Reserve Chairman Kevin Warsh will deliver his first address at the Jackson Hole Economic Policy Symposium on Friday.
- New economic reports—including the July personal consumption expenditures price index and revised second-quarter gross domestic product—will be released ahead of the symposium.
- Investors are watching to see how the Fed balances persistent inflation with economic growth signals, as well as the impact of newly imposed U.S.-Canada tariffs.
Key facts
- Nvidia is projected to report $92.04 billion in revenue and earnings per share of $2.09, according to LSEG analyst consensus estimates.[CNBC]
- LSEG consensus forecasts project Salesforce to deliver $11.32 billion in revenue and adjusted earnings of $3.27 per share, while CrowdStrike is expected to report $1.44 billion in revenue and adjusted earnings of 29 cents per share.[CNBC]
- Federal Reserve Chairman Kevin Warsh, who succeeded Jerome Powell in May, is scheduled to speak Friday at the Jackson Hole Economic Policy Symposium.[CNBC]
- Key economic data releases scheduled for Wednesday include the July personal consumption expenditures price index, durable goods orders, and the second estimate of second-quarter gross domestic product.[CNBC]
- The Trump administration imposed 50% tariffs on select Canadian goods following a breakdown in trade negotiations, prompting Canada to schedule retaliatory measures for September 8.[CNBC]
What remains uncertain
- The extent to which Chairman Warsh will clarify the central bank's policy direction or incorporate preliminary findings from his internal task forces remains unknown ahead of his Friday speech.[CNBC]
- Whether major enterprise software and hardware providers will sustain revenue growth and profitability margins amid shifting artificial intelligence infrastructure costs is unconfirmed until results are published.[CNBC]